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Asia Graphics-Foreigners put more money in Asian equities in May
June 6, 2017 / 7:20 AM / 6 months ago

Asia Graphics-Foreigners put more money in Asian equities in May

June 6 (Reuters) - Foreign investors stepped up their investments in Asian equities in May, with inflows into seven markets including Taiwan, South Korea and India rising over 25 percent from a month earlier.

Among the seven countries, South Korea received the highest amount of foreign investment, of about $1.7 billion, taking the tally for the year to nearly $8 billion, while Taiwan got inflows of over $1.5 billion.

Last month saw key stock indexes such as India’s NSE index and South Korea’s Kospi hitting record highs, on the back of positive domestic news.

Optimism over Moon Jae-in taking over as president propelled South Korean equities, while Indian shares rose after a forecast of better monsoon eased inflation fears.

Click to view the graphic: (Reporting by Gaurav S Dogra and Patturaja Murugabooopathy; Editing by Subhranshu Sahu)

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